Tip 2

I have always tried to find answers for traders who are interested in earning in stock trading. My way of earning is simple, read as many books as you can, and use those strategies in daily trading. This is one strategy shared in the book "How to make money in intraday trading by Ashwani Gujral" Its the concept of CPR. 

I have also taken the help of video shared by Gomathi Shankar on youtube. He has also given the CPR script which we can use in the Tradingview website.

My understanding of his concepts are, 

"if opening first three 5 minute candles are above R1 or below S1 it will immediately tend to reverse and get attracted to that day CPR"

"If opening first three 5 minute candles are between CPR-R1 it will try to break previous day high but fails and it will immediately tend to reverse and get attracted to the day CPR levels."

"If opening first three 5-minute candles are between CPR-S1 it will try to break previous day low but fails and it will immediately tend to reverse and get attracted to that day CPR levels."

My idea to understand the concept is to explore a lot of examples. This is what I am going to do in this blog. Now I am going to share some example which I feel support the above statements.

Example: Type 3

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Example: Type 2

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Example: Type 1

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Example: Type 1

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Example: Type 1

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Note: All these analysis are from past. So take your own decision to make any trade in real market.